The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-08
Nnw oorroH sEEp OIL MILL,.


-
NEW COTTON SEED OFT MILLS.
The Cotton Seed Oil Trust Com
pany people are In a state Of thorough
alarm, and the price Of their stock has
been tunbling seriously, and, what Is
probably worse for them, develop.
ments are c0ming out as to the basis
which b the security for their stock
which do not appear likely 10 help 1t
in the future. In proportion as the
Trust Company wall and grieve the
cotton growers become hopeful that
they may. at least partially, be re.
llevsd from bondage to the trust
Pharaohs. The cause of all this Is
that Mr.. p. ID. Armour, Of Chicago, in
connection with ether powerful capt.
talists, has determined to erect a num-
ber-a dozen or more-oi new cotton
seed oil mills within the cotton belt,
and theSe will bs Independent OF and
opposed to the Trust Company.
Efforts are making to lead the coun-
try 10 believe that the proposed
scheme Of Mr.. Armour and
his associates is mere "bluff
game" TO lower the price Of Trust
stocks. 1t Ia pleasant to know
that assertions Of that kind on the
part Of the Trust are mere "whisiling
to keep their courage up" and that
Mr.. Armour and those with him are
aching In good faith, and have sound
reasons for doing 80. The ground Of
these reasons Ia that the Trust monop-
oily does not only affect the price Of
the cotton seed tina. Is bought, but
also the price Of the produc! that Is
sold. This effects an identity Of inter
ests between the cotton grower and
the consumer Of the seed. A Calves
ton. Tex, dispatch to the New York
TINS. informs as that Mr.. Armour
was in Galveston q few weeks ago,
and gave personal information as to
the reasons which had determined
him and his associates to embark In
the new enterprise. He said doxer
or mere cotton seed ollmills would b.
built In the South. Four cities had
already been determined upon-Mem
phia, Atlanta, New Orleans. anG
H ouston. Tex. Arkansas, Ala
bama and Mississippi are likely to be
included. Arrangements are expected
TO he made IN Memphis this week
looking 10 the construction OF one o
the mills here, and one OF the largest
Indeed tho land has bsen purchased
for II. Cotton seed oil is extensivel,
used as an important ingredient il
manufactured lard, 6ne scars, oleomsi
garine. and other fatty articles. Nj
Armoufs extensive hog product estab
lishmont alone consumes one-nfth o
Che whole cotton seed oil products
Those associated with him are larg
CoUsuMerB also and these are not mel
to submit to the exactions Of the tru.
monop bly,, which has gobbled up iror
ninety to Hnsty-five out Of 100 Of q
the cotton seed oil mills in the Unite
States. The monopoly has also e1
teaded its grasp by purchasing a r,
fnery and also pork picking house
and as Mr.. Armour said; "The trul
company has not money enough 10 bu
my business md as Il entered my Gel
ss q lard producer, l resolved TO be IL
dependent OF them In the matter Of co
ton oil, by erecting new mills" Their
is q suspicion that the trust has bee
trying to induce Mr.. Armour to entt
Its monopoly, The capital OF b
company will be $l0,0OO,0O0 actui
properly. no Watering to b
tolerated. while all the etocl
holders will be actual consumer
Of the oil from their mills, and the
include all the leading soap mauufs'
turew in this country. The Nme,
telegram says: 1.-THE construction I
the mills will insugurate a revolu!io
In cotton seed oil and oil cAk
Planters would then DO able TO get
fair prlos for seed, whereas now the
are compelled TO take whatever Il
trust company offers. The trade
the enure South will be greatly slim
lated by this formidable organiz